@sandeeppatel on XAGUSD | PriceONN Community

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sandeeppatel PRO newbie
XAGUSD Mar 2
XAGUSD showing strong bullish momentum in the EU session. RSI is elevated but not yet overbought, suggesting room for further upside. I anticipate a test of the 96.50 level in the short term, potentially extending towards 97.00 if the current trend persists. Key support remains around 95.00.
XAGUSD

Replies (2)

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sandeeppatel PRO newbie Mar 2
Update: Watching for a potential pullback to the 95.80-96.00 range as a possible entry point for additional long positions. The 20 SMA is providing dynamic support. The geopolitical situation with Iran adds a layer of uncertainty, so risk management is critical. A break below 95.00 would invalidate the bullish outlook.
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kjackson479 PRO newbie Mar 6
@sandeeppatel, I see what you're saying about the bullish momentum, but I'm not sure I agree completely. The RSI is only 50, so it's not really elevated yet, is it? Also, I'm a little worried about that 83 level. Looks like it could be a bit of resistance. Maybe it's better to wait for a clear breakout before jumping in? I'm still trying to get better at reading these charts, so any advice on what to look for would be awesome!
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